Judge denies Sloan’s second carve-out request
So weak was Faith Sloan’s case for requesting a carve-out of $30,800 in suspected stolen Ponzi funds, that the Judge signing the order didn’t even bother to provide a reason for its denial.
On May 17th Judge Gorton denied Sloan’s second carve-out request with a scribbled “motion denied”, dated and signed.
Sloan had requested $30,800 currently frozen through a preliminary injunction granted against her in May 2014.
Sloan offered up no proof to back her claim that the $30,800 was untainted. She also cited criminal litigation that had no bearing in the SEC’s civil case against her.
In response to Sloan’s carve-out request the SEC pointed out as much. In a second sur-reply to the request, the regulator went a step further and accused Sloan of lying and wasting the court’s time.
In denying Sloan’s carve-out request, it appears Judge Gorton agreed.
Sloan meanwhile is busy promoting 5000 Families and Divvee on Facebook, with a post made 3 hours ago stating:
COME SEE WHY THOUSANDS OF PEOPLE ARE LOVING THIS! #10K1DAY #DIVVEE #WHYSGUYS #5000FAMILIES
5000 Families is of particular concern, as it’s a cash gifting scheme believed to be run by Sloan herself.
Naturally this would be in violation of the 2014 preliminary injunction, which prohibits Sloan from further engaging in acts of fraud.
At the time of publication the SEC has yet to take any additional action against her.
Footnote: Our thanks to Don@ASDUpdates for providing a copy of Judge Gorton’s May 17th order.
(I just love that photoshop)
I feel that Ms. Sloan has just done a very poor job of explaining this situation to the trial court. You see, if the court in this SEC action grants her $30,800 and convinces the courts in her next three SEC actions to do likewise it will start filling her personal 3×15 civil action matrix.
That matrix, once fully filled will comprise 21 million SEC actions against her and she will doubtlessly be found innocent of participating in at least a few of them. This will form the seed money for a victims restitution fund for all the rest of them.
She just needs to do a better job of explaining the power of leverage.
Hello there! Thanks again for all the updates in this and other ponzi frauds throughout the web.
Its just to know, there has recently been an official anouncement warning about the date for the portal to make de claims was going to be operative in early May. We still dont know anything about that yet, do we? Thank you guys a lot!
Haven’t heard anything on the claim portal since early April.
Early May was a “projected” date, so hopefully it goes live soon or we get an update on why it’s delayed.
Thank you, Oz! I will stay tuned as you always say…